PE firms target fragmented ~$20B HVAC market for consolidation

Private equity views the HVAC contractor space as a large, fragmented, recession-resistant market ripe for roll-up consolidation, fueling acquisitions of established contractors.

“When [private equity](/keywords/8504-private-equity-firm) (PE) professionals look at HVAC contractors, they see a field ripe for consolidation. There are thousands of independent firms operating across the nation — strong companies that PE professionals believe would benefit from the resources of a regional or even national presence. They also see a business segment valued at around $20 billion that is fairly recession resistant.”

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